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Equity Futures Dip At Month End

EQUITIES

A decidedly mixed start to the week for stocks, with 3-session highs for S&P emini futures giving way to 4-session lows overnight. Month-end rebalancing a potential driver today.

  • Asian markets closed lower, with Japan's NIKKEI down 211.09 pts or -0.79% at 26433.62 and the TOPIX down 31.6 pts or -1.77% at 1754.92. China's SHANGHAI closed down 16.552 pts or -0.49% at 3391.755 and the HANG SENG ended 553.19 pts lower or -2.06% at 26341.49.
  • European equities are mixed, with the German Dax up 43.34 pts or +0.33% at 13346.47, FTSE 100 up 21.95 pts or +0.34% at 6387.99, CAC 40 down 10.59 pts or -0.19% at 5580.39 and Euro Stoxx 50 down 0.89 pts or -0.03% at 3519.99.
  • U.S. futures are weaker (tech outperforming), with the Dow Jones mini down 163 pts or -0.55% at 29711, S&P 500 mini down 14.5 pts or -0.4% at 3622, NASDAQ mini down 5.5 pts or -0.04% at 12252.

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